AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Tue, 06 Apr 2021 06:30:54 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
61%
63%
-3.3%
Shorts
39%
37%
5.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Buy
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇗
⇘
⇗
The Australian Dollar surged by 54 pips or 0.71% against the US Dollar on Monday. The currency pair bounced off from a support cluster formed by the 50– and 200– hour SMAs at 0.7613 during yesterday's trading session.
The exchange rate rebounded from the lower boundary of an ascending channel pattern at 0.7631 during the Asian session on Tuesday.
Most likely, the AUD/USD pair could continue to edge higher within the following trading session.
However, the weekly R1 at 0.7663 could provide resistance for the currency exchange rate today.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.